ONGC, NTPC SBI among 10 Nifty stocks with golden crossover pattern
Golden Crossover." This essential pattern is particularly valuable for investors and traders alike, as it can provide insightful signals for decision-making.
The Golden Crossover is a powerful and widely used technical indicator in the world of stock analysis. It occurs when a stock's short-term moving average crosses above its long-term moving average.
In particular, when the 50-day Simple Moving Average (SMA) surpasses the 200-day SMA, it triggers a Golden Crossover. This event signifies a significant change in the stock's trend and can have a profound impact on investment decisions.
On October 13, Friday, Trendlyne reported that more than 40 Nifty stocks had witnessed the Golden Crossover.
We've selected 10 stocks from this group that have experienced this significant pattern.
Let's take a closer look:
1) Mahindra & Mahindra Ltd.
50-Day SMA: 1554.8
200-Day SMA: 1376.4
2) Maruti Suzuki India Ltd.
50-Day SMA: 10028.7
200-Day SMA: 9213.8
3) NTPC Ltd.
50-Day SMA: 229.3
200-Day SMA: 189.8
4) Nestle India Ltd.
50-Day SMA: 22359.1
200-Day SMA: 21078.5
5) Oil And Natural Gas Corporation Ltd.
50-Day SMA: 180.7
200-Day SMA: 162.4
6) Power Grid Corporation of India Ltd.
50-Day SMA: 191.4
200-Day SMA: 177.7
7) SBI Life Insurance Company Ltd.
50-Day SMA: 1308.3
200-Day SMA: 1228.4
8) State Bank of India
50-Day SMA: 583.1
200-Day SMA: 571.2
9) Sun Pharmaceutical Industries Ltd.
50-Day SMA: 1134
200-Day SMA: 1035.2
10) Tata Consultancy Services Ltd.
50-Day SMA: 3489
200-Day SMA: 3347.4
(Disclaimer: This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own.
